Bitcoin (2009) was the first cryptocurrency on the market. Since the boom of Bitcoin and Ethereum in 2017, many Cryptocurrencies have come up out of nowhere, eating off Bitcoin's popularity.
Bitcoin was introduced to the world in 2009, since then it has experienced a small, but steady and reasonable growth. That was until professional private investors, later corporate investors and most recently even established banks like Goldman Sachs or Vontobel have started to get involved with the cryptocurrency. Since the early summer of 2017, Bitcoin's value has skyrocketed, making many early Bitcoin investors and holders rich over night. This gold rush has attracted many fortune seekers and entrepreneurs jumping on the cryptocurrency train and creating their own, more or less successful cryptocurrency tokens, while many crypto beginners don't know that many "new" cryptocurrencies are actually based on the blockchain (Bitcoin) or other "first hour" cryptocurrencies like Ethereum or Ripple, which makes many new cryptocurrencies obsolete. However, other cryptocurrencies are eating away Bitcoin's cryptocurrency market share, which may cause troubles for the price and value development of Bitcoin in 2018 and may lead to a declining trust in cryptocurrency in general, due to high volatility.
Governments worldwide could issue bitcoin-style digital currency - UKcoin, UScoin, DEcoin and more?
Recently it was reported that the Bank of England might have “its own Bitcoin-style digital currency” in 2018, according to the country’s legacy media and officials. The more than 300 year old bank has set up a research unit in 2015 to investigate linking cryptocurrency to sterling, and there appears to be a breakthrough now. While Russia is looking at a Cryptoruble could there be a Britcoin or a Ukoin? The Telegraph would have readers believe so. Bank of England Governor, Mark Carney, reportedly “told a Treasury Select Committee before Christmas that he had held talks with other central banks about launching digital currency,” according to the Telegraph. Will other important countries like Germany (DEcoin?) or France (FranceCoin?) work on their own cryptocurrency too, and what about the united states, will there be a USA coin or UScoin? If so, wouldn't it make all other cryptocurrencies obsolete? Or wouldn't we have the same situation than we have now, just in cryptocurrency? Only the future can provide us these answers. A huge topic of 2018 will also be regulation of Bitcoin and cryptocurrency transactions worlwide. Many governments, especially in asian countries - e.g. China, South-Korea and Japan, are working hard to regulate the cryptocurrency market and even reportedly started freezing suspicious bank accounts related to cryptocurrency transactions.
Cryptocurrency Investment News : Price predictions 2018 - will the trend continue or the bubble bust?
The wild growth and volatility associated with bitcoin and other cryptocurrencies have cryptocurrency investors craving price predictions for 2018. Investors are understandably concerned about whether bitcoin and cryptocurrency will experience a bubble bust, or continue rapid growth like in 2017. According to insiders it may accomplish both. In November 2017, bitcoin plunged nearly 30% before sharply rebounding to hit the $20,000 price range. This recent rebound involves fueling market anxiety and the fear of missing out among new cryptocurrency investors. As a consequence, bitcoin and altcoin prices will continue to rise, and assertions that bitcoin or cryptocurrency has entered bubble territory will undoubtedly intensify. However, since cryptocurrency prices are not based on earnings, the market will likely remain highly volatile, which any investor should consider before getting involved with cryptocurrency. Many cryptocurrencies are obsolete and they will be the first to bust in a bubble. However, undoubtedly the cryptocurrency market in general shows all signs of a bubble and many cryptocurrencies are experiencing large investor swarms only because of the current worldwide trend. Also, as cryptocurrencies become more and more valuable, it will also become more attractive for hackers too, as it is way more easier to steal bitcoin, than to steal regular currency, due to the nature of cryptocurrency itself.
Bitcoin News : Industries, Banks and Blockchain Technology in 2018
Blockchain technology became hard to ignore since the rise of Bitcoin in 2017 and more of the corporate world took an interest in Blockchain technologies. In mid 2017, the NYSE filed for two Bitcoin ETFs with the SEC, the CBOE became the first institutional investor to launch Bitcoin futures and CME group followed suit a week later doing the same thing. But it is not only large exchanges interested in getting some stakes in the Blockchain game, as many industries have been interested in incorporating the useful Blockchain technologies to make their businesses more economically efficient. The increasing interest around Blockchain technologies in 2017 led the CTFC to release a Primer on Virtual Currencies which stated that Blockchain technologies can be used by governments, financial institutions and cross-industries to optimize everyday operations via the Blockchain technology.
Altcoin News : What cryptocurrency investors should consider in 2018
There are a lot of cryptocurrency investors who regret not getting involved in the Bitcoin market. For some, it was an opportunity missed. Bitcoin was trading for just under $1,000 at the start of 2017 and hit nearly $20,000 the same year. Many other Altcoins like Ethereum, Ripple, IOTA, and Monero have experienced positive growth progress in both exchange prices and market capitalization. This has led to a real and ever-increasing demand around the globe for cryptocurrencies. Investors are speculatively putting up money in ICOs and other cryptocurrency investing means like exchanges and mining subscription in order to be part of the next big thing in cryptocurrency. Investing in cryptocurrencies for the long term requires a great deal of due diligence on the part of the investor, because it is evident that many cryptocurrencies are doomed to fail, so consider to very act careful in the cryptocurrency market.
Bitcoin News : Dominance of the cryptocurrency market at lowest level ever as Ripple rises
Bitcoin's dominance of the cryptocurrency market is at its lowest level ever thanks to rising interest in alternative cryptocurrency (altcoins). Dominance refers to the percentage a single cryptocurrency has of the market capitalization or value of every cryptocurrency, global. The total market capitalization of the entire cryptocurrency world is currently at around $700 billion, according to data from Coinmarketcap.com. The decline of Bitcoin's dominance, which stood at around 55 percent in December 2017, is due to the pullback in price, but also rising interest in other cryptocurrencies such as Ethereum, Ripple, Monero, Bitcoin Cash, Cardano and Litecoin. Ripple's value stood at around 3% of the entire market capitalization of all cryptocurrencies. Ripple's price rose over 36,000% in 2017 and it is now the second-largest cryptocurrency by market cap, after Bitcoin. Investors appear to be taking a time off from Bitcoin for now and looking at new alternative cryptocurrencies, like Crypterium or AppCoins. But many professionals in the industry are also bullish on Bitcoin. Dave Chapman, managing director at cryptocurrency trading firm Octagon Strategy, however sees the price of bitcoin exceeding $100,000 before the end of 2018. We'll see who is right.
Finance News : Why Bitcoin Futures are highly dangerous for investors and useless for cryptocurrency
With the in 2017 established Bitcoin futures you are fixing the price that you want to sell or buy a certain amount of Bitcoin at a certain point in the future. As you don’t have to make the purchase immediately then you are also leveraging your position by having exposure to an asset whilst only posting collateral, or a small percentage of its cost. With 10 to 1 leverage, e.g., you are exposed to ten Bitcoin instead of one, but also exposed to their potential losses. Leverage is a dangerous game but also a potentially rewarding one. However, the cryptocurrency market is a high volatile market, with prices often changing over +/- 1% per day. Cryptocurrency often is backed by no hard value in asset or cash (fundamental value), so if you bet on the wrong coin, you may loose every single penny, as fast as within a few days. The cryptocurrency market is not regulated, and basically anyone can create his or her own cryptocurrency by tomorrow, almost for free. Bitcoin is maybe the first and most popular cryptocurrency, but the risks are pretty much the same. So if you buy Bitcoin via an exchange online, you may loose your initial investment. But when you invest in Bitcoin futures, you may loose substantially more than that, which is more risky than risky. This is why Bitcoin futures are highly dangerous.